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Morgan Stanley revise their US GDP forecast to +1.3%, from +0.6%, citing Biden Boom

Morgan Stanely have made what they refer to as, quite rightly, a "sizeable upward revision" to their 2023 US economic growth forecast.Analysts at the bank now expect +1.7% Q4/Q4, from +0.6% previously. Morgan Stanley cite stronger-than-expected public investment as the largest contributor to the reasoning, pointing to "a boom" from The Infrastructure Investment and Jobs Act.---I wonder if this means higher for longer for the Federal Open Market Committee (FOMC)? This article wa... Read More

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Posted: Jul 21 2023, 03:17

Author Name: forexlive

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